Cwm LLC Acquires 55,818 Shares of Williams-Sonoma, Inc. (WSM)

Cwm LLC increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 64,158.6% during the second quarter, Holdings Channel reports. The firm owned 55,905 shares of the specialty retailer’s stock after buying an additional 55,818 shares during the period. Cwm LLC’s holdings in Williams-Sonoma were worth $2,711,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WSM. BlackRock Inc. raised its position in Williams-Sonoma by 11,148.3% in the first quarter. BlackRock Inc. now owns 9,128,342 shares of the specialty retailer’s stock valued at $489,461,000 after buying an additional 9,047,189 shares during the period. Norges Bank bought a new position in Williams-Sonoma during the fourth quarter valued at approximately $36,265,000. BTIM Corp. bought a new position in Williams-Sonoma during the first quarter valued at approximately $29,472,000. Vanguard Group Inc. raised its position in Williams-Sonoma by 8.3% in the first quarter. Vanguard Group Inc. now owns 6,617,537 shares of the specialty retailer’s stock valued at $354,832,000 after buying an additional 506,305 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Williams-Sonoma by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 3,798,275 shares of the specialty retailer’s stock valued at $203,663,000 after buying an additional 484,775 shares during the period. 97.51% of the stock is owned by institutional investors.

Shares of Williams-Sonoma, Inc. (WSM) traded down 0.71% during midday trading on Monday, hitting $45.00. The stock had a trading volume of 2,483,779 shares. The stock has a 50-day moving average of $48.68 and a 200 day moving average of $50.14. The stock has a market cap of $3.90 billion, a PE ratio of 13.11 and a beta of 0.90. Williams-Sonoma, Inc. has a 52 week low of $44.94 and a 52 week high of $57.40.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Williams-Sonoma had a net margin of 5.99% and a return on equity of 25.51%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts anticipate that Williams-Sonoma, Inc. will post $3.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 21st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, July 19th. Williams-Sonoma’s dividend payout ratio is presently 45.35%.

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WSM has been the subject of several recent research reports. J P Morgan Chase & Co upped their target price on Williams-Sonoma from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, April 3rd. Gordon Haskett initiated coverage on Williams-Sonoma in a report on Tuesday, May 9th. They set an “accumulate” rating and a $61.00 target price for the company. Credit Suisse Group reaffirmed a “hold” rating and set a $44.00 target price on shares of Williams-Sonoma in a report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 target price on shares of Williams-Sonoma in a report on Thursday, May 25th. Finally, Telsey Advisory Group upped their target price on Williams-Sonoma from $51.00 to $57.00 and gave the company a “market perform” rating in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $56.82.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.

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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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